QUOTE OF THE DAY: Obscene amounts of money

The cost of not having good corporate governance can be horrific.  if you don’t have it in place, you’re going to get something that’s going to require you to spend an obscene amount of money.

Deanne Tully, general counsel for Virginia’s Tier Technologies as quoted in “When Outside Counsel Say it’s Time to Hire a GC,” The Recorder, November 6, 2006

Good corporate governance is everyone’s job, not just the general counsel’s.

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